Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Large Growth in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 122,200 shares, an increase of 51.6% from the February 28th total of 80,600 shares. Based on an average trading volume of 89,800 shares, the short-interest ratio is presently 1.4 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRW. Barclays PLC increased its position in shares of Strawberry Fields REIT by 302.3% during the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after purchasing an additional 6,535 shares during the period. JPMorgan Chase & Co. boosted its holdings in Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after buying an additional 6,233 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Strawberry Fields REIT by 20.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after buying an additional 2,774 shares during the last quarter. State Street Corp raised its position in shares of Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after purchasing an additional 1,796 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Strawberry Fields REIT by 14.1% during the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after purchasing an additional 12,129 shares during the last quarter.

Analyst Ratings Changes

STRW has been the subject of a number of analyst reports. Janney Montgomery Scott assumed coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective for the company. Compass Point started coverage on shares of Strawberry Fields REIT in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price for the company. Wedbush started coverage on Strawberry Fields REIT in a report on Monday, January 6th. They set an “outperform” rating and a $12.00 price target on the stock. Finally, Lake Street Capital started coverage on Strawberry Fields REIT in a report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price objective for the company.

Strawberry Fields REIT Stock Performance

Shares of STRW stock traded down $0.08 during midday trading on Monday, reaching $11.91. 68,961 shares of the company were exchanged, compared to its average volume of 54,806. The business has a 50 day simple moving average of $11.64. The stock has a market capitalization of $89.09 million, a P/E ratio of 23.35, a P/E/G ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a 12 month low of $7.59 and a 12 month high of $12.90.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.